Exxon Mobil Corp. announced today that the securities commissions for the provinces of Alberta and Ontario have issued a decision document , which has the effect of granting ExxonMobil exemptive relief from the disclosure requirements contained in National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities . As a result of the Decision, and provided that certain conditions set out in the Decision are [...]
Mobil 1™ and TRD USA announced today the first-of-its-kind expansion of the iconic brands' long-standing motorsports relationship, which includes Mobil 1 primary assets across all three of Toyota's NASCAR Cup Series teams - Joe Gibbs Racing , 23XI Racing , and LEGACY MOTOR CLUB - along with continued primary placements within multiple other racing series that Toyota competes in including NHRA Mission Foods Drag [...]
Exxon Mobil Corp. will release its fourth quarter 2023 financial results on Friday, February 2, 2024. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com. Chairman and Chief Executive Officer Darren Woods, Senior Vice President and Chief Financial Officer Kathy Mikells, and Vice President of Investor Relations Jennifer Driscoll will review the results [...]
ExxonMobil today gave an update to its Corporate Plan through 2027, reflecting continued execution of its strategy to provide the products society needs and to lower emissions, both its own and others'. Since 2019, solid execution of ExxonMobil's strategy has increased the earnings power of the corporation, adding about $10 billion to its annual earnings and cash flow at a real Brent price of $60 per barrel. These [...]
ExxonMobil started production today at Payara, Guyana's third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day. The Prosperity floating, production, storage and offloading vessel is expected to reach initial production of approximately 220,000 barrels per day over the first half of next year as new wells come online. This additional [...]
Exxon Mobil Corp. today announced plans to become a leading producer of lithium, a key component of electric vehicle batteries. Work has begun for the company's first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits. The product offer will be branded as Mobil Lithium, building on the rich history of deep technical partnership between Mobil and the [...]
Exxon Mobil Corp. announced today that Dina Powell McCormick will join its board of directors, effective January 1. Ms. Powell McCormick is currently vice chairman, president and global head of Client Services at BDT & MSD Partners, an investment and advisory firm, and previously spent 16 years at The Goldman Sachs Group Inc., most recently as a member of its Management Committee. This press release features multimedia [...]
TortoiseEcofin today announced that Denbury Inc. will be removed from the Tortoise Recycling Decarbonization IndexSM and the Tortoise Recycling Decarbonization UCITSSM Index , as a result of the approved acquisition by Exxon Mobil Corp. . Due to the acquisition, DEN will be removed from both indices at market open on Friday, November 3, 2023. As per index methodology, special rebalancing is not required for either of the [...]
Exxon Mobil Corp. today announced it has closed its acquisition of Denbury Inc. in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil's closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. "This transaction is a major step forward in the profitable growth of our Low Carbon Solutions [...]
Mobil 1™, the world's leading brand of synthetic motor oil, has announced a long-term agreement with Steer, an automated marketing and communications platform, to improve the auto repair experience for shop owners and customers nationwide. Through this partnership, the Mobil 1 and Steer teams will combine the power of their products, brands and people to improve the overall consumer and workshop experience. This [...]
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